National Fund Allocates Nearly $700 Million to Children in Kazakhstan
Kazakhstan has allocated $695.5 million to support 6,919,131 children born between January 2006 and December 2023 through the newly launched National Fund for Children program, as reported by the Unified Accumulative Pension Fund’s (UAPS) press service on Feb. 7.
In 2024, over $30.6 million was allocated to the targeted savings accounts of 304,815 program participants who are turning 18 this year. The majority of beneficiaries reside in the Turkistan Region, where 922,841 children received a total of $92.7 million, including $4.2 million distributed among 41,968 youths coming of age in 2024.
Similarly, in Almaty city, 666,443 children received nearly $67 million, with $2.6 million credited to the targeted savings accounts of 26,621 young adults reaching adulthood this year. The Almaty Region ranked third, with 608,711 children benefiting from $61.1 million, including $2.6 million allocated to 26,802 recipients of the targeted savings accounts turning 18 this year.
All children are entitled to receive the same amount of $100.52 from Kazakhstan’s National Fund in 2024, with this sum expected to increase annually due to the growth of the National Fund’s assets and investment returns, as highlighted by the UAPS.(Source:astanatimes)
